PayPal Philippines

Withdraw PayPal to bank accounts in Philippines

Pinoy Money Talk is one of the first, probably the very first, to break this news to the blogosphere but expect other sites and blogs to write about this without giving us credit although they got the news from us. LOL.

Anyway, brace yourself:

Effective today, PayPal started allowing users in the Philippines to withdraw funds directly to local bank accounts.

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How to earn money from Paypal

Do you know that you can earn as much as $1,000 per person you refer to PayPal?

Under PayPal’s Merchant Referral Bonus Program, you are eligible to receive a portion of the transaction amounts of people you referred to PayPal.

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Buying and selling Paypal to convert funds to cash

We’ve already outlined here how to withdraw PayPal in the Philippines and we also have a bustling discussion here of the details of these withdrawal methods.

Almost all of these ways, however, incur a certain amount of transaction fee, for example, the $5 that PayPal charges whenever you make a transfer to your local debit or credit card. At times, you also lose on the exchange rate because the banks’ rates are often lower.

So is there an alternative way to convert PayPal funds to cash without incurring a lot of fees and without losing on the exchange rate?

Yes, by selling your PayPal funds.

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List of methods to withdraw PayPal in the Philippines

Based on personal experiences posted by dozens of PayPal Philippines users, this post summarizes the different ways of withdrawing Paypal in the Philippines.

Our list is not limited to debit and credit cards alone. We also gathered information regarding some non-traditional methods of converting PayPal funds into cash.

Confirmed Methods of Withdrawing PayPal in the Philippines

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Each method is explained in detail below.

(More discussion here: How to withdraw funds from Paypal Philippines)

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